All markets are quiet with small movements close to Wednesdays closes. FTSE has had a profit taking rally in early morning until now in Europe but now
that trend has lost steam. US indexes are trading below the falling 8 day MA with very small movements. Markets are awaiting lots of important news in US at 14:15 and 14:30.Most important is GDP first quarter and personal consumption. This could be a market mover up or down.
Today's close will give a definite answer to FTSE, new bear market or not but it already seems 100 % sure that my downgrading to bear market will stand.
Will follow markets around news time and see if any important movements are under way and report if that is the case. Otherwise I will publish during Friday and in the weekend an outlook for next week and maybe for the whole month of June.
that trend has lost steam. US indexes are trading below the falling 8 day MA with very small movements. Markets are awaiting lots of important news in US at 14:15 and 14:30.Most important is GDP first quarter and personal consumption. This could be a market mover up or down.
Today's close will give a definite answer to FTSE, new bear market or not but it already seems 100 % sure that my downgrading to bear market will stand.
Will follow markets around news time and see if any important movements are under way and report if that is the case. Otherwise I will publish during Friday and in the weekend an outlook for next week and maybe for the whole month of June.
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